Due date for the final return
If the deceased or the deceased’s spouse or common‑law partner was not carrying on a business:
Period when death occurred January 1 to October 31 of the year:
April 30 of the following year
Period when death occurred November 1 to December 31 of the year:
6 months after the date of death
Deemed disposition of property
When a person dies, the person is considered to have disposed of all capital property immediately before death. This is known as a deemed disposition. This is applicable to all persons, regardless of where they reside.
For a transfer to a spouse or common-law partner, the deemed proceeds are the same as the property's adjusted cost base immediately before death, if both of these conditions are met:
The spouse or common-law partner was a resident of Canada immediately before the person's death.
The property becomes locked-in for the spouse or common-law partner no later than 36 months after the date of death. If you, as the legal representative of the deceased, need more time to meet this condition, you can make a written request to the director at your tax services office before the end of the 36-month time period.
Deceased's deemed proceeds - All other transfers
For all other transfers, the deemed proceeds are equal to the property's fair market value immediately before death
Death of an RRSP Annuitant
Unmatured RRSP
Spouse or common-law partner is the sole beneficiary of the RRSP
CRA do not consider the deceased annuitant to have received an amount from the RRSP at the time of death if the annuitant had a spouse or common-law partner when they died and both the following conditions are met:
the spouse or common-law partner is designated in the RRSP contract or the deceased annuitant's will as the sole beneficiary of the RRSP
by December 31 of the year following the year of death, all the RRSP property is directly transferred to an RRSP, pooled registered pension plan (PRPP), specified pension plan (SPP) or a registered retirement income fund (RRIF) under which the spouse or common-law partner is the annuitant/member, or to an issuer to buy an eligible annuity for the spouse or common-law partner
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